Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Growth
ANOGX Fund  USD 23.42  0.14  0.59%   
The current 90-days correlation between Small Cap Growth and American Century Small is 1.0 (i.e., No risk reduction). The correlation of Small Cap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Small Cap Correlation With Market

Very poor diversification

The correlation between Small Cap Growth and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Small Cap Growth. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Small Mutual Fund

  0.96AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.99AMGIX Income GrowthPairCorr
  0.63CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.97TWADX Value Fund APairCorr
  0.99TWCCX Ultra Fund CPairCorr
  0.99TWCAX Select Fund APairCorr
  0.99TWCIX Select Fund InvestorPairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  0.64TWARX Short Term GovernmentPairCorr
  0.7TWAVX Short Term GovernmentPairCorr
  0.96AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.99TWBIX Balanced Fund InvestorPairCorr
  0.96AMVGX Mid Cap ValuePairCorr
  0.95TWEAX Equity IncomePairCorr
  0.95TWEIX Equity IncomePairCorr
  0.99TWCUX Ultra Fund InvestorPairCorr
  0.93TWGAX International GrowthPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.99TWGGX Global GrowthPairCorr
  0.93TWIEX International GrowthPairCorr
  0.99TWHIX Heritage Fund InvestorPairCorr
  0.97TWMIX Emerging MarketsPairCorr
  0.99TWRCX Growth Fund CPairCorr
  0.86TWTCX Intermediate Term TaxPairCorr
  0.89TWTIX Intermediate Term TaxPairCorr
  0.99TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  0.99TWSMX Strategic Allocation:PairCorr
  0.99TWSIX Select Fund IPairCorr
  0.72TWUSX Short Term GovernmentPairCorr
  0.97TWVLX Value Fund InvestorPairCorr
  0.99TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.71TWUOX Short Term GovernmentPairCorr
  0.88TWWOX Intermediate Term TaxPairCorr
  0.97NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small Cap Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Small Cap's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY